FlexOS | Future Work

Is Microretirement Your Next Career Move?

December 20, 2024
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117
Is Microretirement Your Next Career Move?

December is the month of wrap-ups—I see it everywhere, from Duolingo to Spotify 😄. For me, it’s also a time to recharge and reflect. This year, I’m escaping the cold in Amsterdam and heading to Barcelona—a refreshing stop on my Euro tour and a much-needed break.

Speaking of wrap-ups, Glassdoor has summarized the workplace highs and lows of 2024 in its Best and Worst of Worklife report. Their word of the year? Divisive.  Mentions of “election” surged by 202%, while terms like “ageism” and “AI” also saw significant increases, highlighting key challenges and shifts across industries.

On the topic of change, the newest episode of the Future Work podcast couldn’t be more timely. This week’s discussion explores how HR can take the lead in change management, featuring expert insights from Kotter. It’s a must-listen for anyone navigating the evolving workplace dynamics as we gear up for the new year! 🥳

Your Weekly Must-Read Insights about the Role of HR in the Future of Work

The world of work is changing faster than the time we have to understand it.
Sign up for my weekly newsletter for an easy-to-digest breakdown of the biggest stories.

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FEATURED PODCAST

In Dave Ulrich’s HR Model, HR is recognized as the future-focused champion of organizational change, with the Change Agent playing a pivotal role in driving adaptability, strengthening culture, and enhancing employee engagement.

​By 2025, this role will have expanded further​, HR is now vital in digital evolution, aligning new technologies with human needs. To excel, HR leaders must understand the dynamics of change, embrace it personally, and equip themselves with the right frameworks to effectively lead and support their teams and organizations.

Today, we’re thrilled to welcome Nick Petschek, Managing Director at Kotter (Established by Dr. John Kotter, the creator of Kotter's 8-Step Model for Leading Change). With a remarkable history of leading transformations for Fortune 500 companies like Apple, the NFL, and 3M, Nick will share valuable insights on how HR leaders can drive progress, build resilient organizations, and cultivate systems and cultures that enable long-term success.

Let’s jump into this insightful discussion!

Our host, Tim, and Nick explore:

The Nature of Change

  • Change is a constant in our lives and organizations.
  • Different individuals have varying thresholds for accepting change.
  • Understanding the 'why' behind changes is essential for buy-in.

Building Adaptable Organizations

  • Creating adaptable organizations involves systems, culture, and individual capabilities.
  • Training alone is not enough; culture and systems must support change.

Leading Change Effectively

  • Proactive change is more effective than reactive change.
  • A sense of urgency can be created without panic.
  • Introspection is key to understanding resistance to change.

The Role of HR and Leadership

  • HR plays a crucial role in leading change initiatives.
  • Face-to-face interactions foster connection and urgency.

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HOW HYBRID WORKS

Brought to you by Tactic

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Welcome to this week’s How Hybrid Works, your go-to section for the latest updates in hybrid work, sponsored by Tactic.

Stay ahead of the trends with expert insights, case studies, and industry news designed to help HR, workplace, and people leaders thrive in the evolving work environment.

Designing the Meaningful Hybrid Office Space

The office is no longer just an office, and speakeasies are an emerging office design trend, offering private, dimly-lit spaces for quiet conversations, client meetings, and casual coworker interactions, aiming to foster collaboration, relationship building, and sensory-safe retreats from open office distractions.

Similarly, Tactic suggests hybrid office spaces that blend remote and in-person work, optimizing productivity and engagement with features like hot desks, focus zones, and flexible meeting rooms.

These approaches highlight how innovative office designs can create meaningful, engaging workplace experiences.

What’s Next for Hybrid Work in 2025?

Our Future Work Alumni, ​Brian Elliott​ highlights five key trends shaping hybrid work in 2025: flexible companies will attract top talent, outcomes-driven management will boost results, and time-based strategies like core hours will enhance productivity.

Tailored approaches for co-located and distributed teams are replacing one-size-fits-all policies, while flexibility leaders are emerging as Gen AI innovators through trust and experimentation.

How will your organization adapt to these shifts?

Quick Hits:

  • AT&T Follows Amazon in Ending Hybrid Work: AT&T is requiring all employees to return to the office five days a week starting in January. The decision affects staff across nine consolidated office hubs, mirroring trends where 73% of Amazon employees reported dissatisfaction with full-time RTO mandates.
  • Trump Targets Federal Remote Work Agreements: President-elect Trump plans to overturn a Biden-era agreement allowing 42,000 Social Security employees to telework through 2029, calling it a "union gift" and pushing for a full RTO mandate. Tasking Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency, Trump aims to cut costs through voluntary resignations. Unions defend telework as boosting productivity and disaster preparedness, pledging to enforce their rights if challenged.

THE FUTURE OF HR ROUNDUP

I follow and summarize the news that future-forward and people-centric leaders care about, so you don't have to.

This week:

Workers Fear Skills Obsolescence Amid Rapid Change

A Global Labor Market Conference report reveals that 50% of U.S. workers worry their skills will become obsolete within the decade, driven by technological advancements.

While 44% of respondents feel upskilling is their responsibility, employers play a critical role in nurturing key skills like critical thinking, leadership, and empathy.

While mentioning leadership training, ​a TalentLMS survey​ finds that 45% of managers say leadership development is lacking, with leadership training most neglected.

Microretirement: Strategic Breaks for Burnout Relief

Microretirement, the practice of taking strategic career breaks, is gaining traction, particularly among younger workers, despite warnings it could cost up to $600,000 in future retirement savings.

A survey found 43% of U.S. workers feel burned out, yet 47% hesitate to discuss it with supervisors, prompting alternative ways to manage work-life balance.

Flexible industries like tech and consulting support such breaks, but planning is critical, as long gaps can hinder reentry and impact finances.

Employers can help by fostering open communication and offering flexible policies, which can boost satisfaction and retention while addressing burnout concerns.

Quick Hits:

Your Weekly Must-Read Insights about the Role of HR in the Future of Work

The world of work is changing faster than the time we have to understand it.
Sign up for my weekly newsletter for an easy-to-digest breakdown of the biggest stories.

Join over 42,000 people-centric, future-forward senior leaders at companies like Apple, Amazon, Gallup, HBR, Atlassian, Microsoft, Google, and more.

Unsubscribe anytime. No spam guaranteed.